Accounting Law Reform Act
| Basic data | |
|---|---|
| Title: | Law to introduce international accounting standards and to ensure the quality of the audit |
| Short title: | Accounting Law Reform Act |
| Abbreviation: | BilRegG |
| Type: | Federal law |
| Scope: | Federal Republic of Germany |
| Legal matter: |
Commercial law , company law |
| Issued on: | December 4, 2004 ( BGBl. I p. 3166 ) |
| Entry into force on: | mostly on January 1, 2005 |
| Please note the note on the applicable legal version. | |
The Accounting Law Reform Act is a comprehensive amendment law with the focus on changes in the HGB and in company law . It was passed by the German Bundestag in 2004.
The Accounting Law Reform Act includes various changes in the HGB, the Publicity Act and the Stock Corporation Act and essentially represents a change in the obligations for companies to report on the situation (Section 289 Management Report, Individual Financial Statements and Section 315 HGB Management Report, Consolidated Financial Statements).
